For U.S.GAAP,software development costs are capitalized as intangible assets

Question

Quizplus · Accepted Answer

Under U.S. GAAP, software development costs are capitalized as intangible assets once the technological feasibility of the product is established. Prior to this point, all costs related to software development must be expensed as research and development expenses. Once technological feasibility is established, all costs incurred during development may be capitalized until the product is available for general release or sale.

For USGAAP,software Development Costs Are Capitalized as Intangible Assets